The marketing department of Jessi Corporation submitted the following sales forecast for next year $($all sales are on account$)$:

$\backslash$table$[[$Budgeted unit sales,$1$st Quarter,$2$nd Quarter,$3$rd Quarter,$4$th Quarter$],[13,000,14,000,16,000,15,000,]]$

The selling price of the company's product is $$29$ per unit. Management expects to collect $65\%$ of sales in the quarter in which th sales are made and $30\%$ in the following quarter; $5\%$ of sales are expected to be uncollectible. The beginning balance of accoun receivable, all of which is expected to be collected in the first quarter, is $$74,200.$

The company expects to start the first quarter with $2,600$ units in finished goods inventory. Management desires an ending finish goods inventory in each quarter equal to $20\%$ of the next quarter's budgeted sales. The desired ending finished goods inventory the fourth quarter is $2,800$ units.

Required:

Calculate the estimated sales for each quarter and for the year as a whole.

Calculate the expected cash collections for each quarter and for the year as a whole.

Calculate the requir$$d production in units of finished goods for each quarter and for the year as a whole.

Complete this question by entering your answers in the tabs below.

Required $1$

Calculate the estimated sales for each quarter and for the year as a whole.

$\backslash$table$[[,1$st Quarter,$2$nd Quarter,$3$rd Quarter,$4$th Quarter,Year$],[$Total sales,,,,,$]]$